portfolio investment offering

24
Sands Investment Group is Pleased to Present For Sale Five (5) Convenience Stores Located Throughout Iowa. All Locations Are a Great Owner-User Opportunity With the Business and Real Estate Being For Sale. All Locations Have Strong Historical Sales and Have Been Recently Rebranded to Circle K’s Flagship Banner. This Investment is Available to Be Sold as a Portfolio. PORTFOLIO PRICE: $15,000,000 PORTFOLIO INVESTMENT OFFERING In Cooperation With: Sands Investment Group Iowa, Inc. Lic . # F06091000 BoR: Andrew Ackerman – Lic . # B67615000 ACTUAL PROPERTY IMAGE | (1115 IA-141) PERRY, IA

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Page 1: PORTFOLIO INVESTMENT OFFERING

Sands Investment Group is Pleased to Present For Sale Five (5) ConvenienceStores Located Throughout Iowa. All Locations Are a Great Owner-UserOpportunity With the Business and Real Estate Being For Sale. All LocationsHave Strong Historical Sales and Have Been Recently Rebranded to Circle K’sFlagship Banner. This Investment is Available to Be Sold as a Portfolio.

PORTFOLIO PRICE: $15,000,000

PORTFOLIO INVESTMENT OFFERING

In Cooperation With: Sands Investment Group Iowa, Inc.

Lic . # F06091000BoR: Andrew Ackerman – Lic . # B67615000

A C T U A L P R O P E R T Y I M A G E | ( 1 1 1 5 I A - 1 4 1 ) P E R R Y , I A

Page 2: PORTFOLIO INVESTMENT OFFERING

© 2021 Sa nds I nve s tm e nt G roup ( S I G ) . T he i n f o rm a t i on con ta i ne d i n th i s ‘O f fe r i ng M e m ora ndum ’ , ha s be e n obta i ne d f rom source s be l i e ve d to bere l i a b l e . Sa nds I nve s tm e nt G roup doe s no t doubt i t s a ccu ra cy ; howe ve r , Sa nds I nve s tm e nt G roup m a k e s no g ua ra n te e , r e p re se n ta t i on o r wa r r a n tya bout the a ccu ra cy con ta i ne d he re i n . I t i s the re sp ons i b i l i t y o f e a ch i nd i v i dua l to conduc t tho roug h due d i l i g e nce on a ny a nd a l l i n f o rm a t i on tha ti s p a s se d on a bout the p rop e r t y to de te rm i ne i t s a ccu ra cy a nd com p le te ne ss . A ny a nd a l l p ro j e c t i ons , m a rk e t a s sum p t i ons a nd ca sh f low a na l y s i sa re use d to he lp de te rm i ne a p o te n t i a l ove rv i e w on the p rop e r t y , howe ve r the re i s no g ua ra n te e o r a s su ra nce the se p ro j e c t i ons , m a rk e ta s sum p t i ons a nd ca sh f low a na l y s i s a re sub j e c t to cha ng e w i th p rop e r t y a nd m a rk e t cond i t i ons . Sa nds I nve s tm e nt G roup e ncoura g e s a l l p o te n t i a li n te re s te d buye r s to se e k a dv i ce f rom your t a x , f i na nc i a l a nd le g a l a dv i so r s be f o re m a k i ng a ny re a l e s t a te p u rcha se a nd t r a nsa c t i on .

EXCLUSIVELY MARKETED BY:

ANDREW ACKERMANLic. # B67615000

770.626.0445 | [email protected]

MATT MONTAGNELic. # 695673

512.920.5120 | [email protected]

WILL HARTSHORNLic. # 725849

512.729.6323 | [email protected]

TYLER ELLINGERLic. # 690604

512.643.3700 | [email protected]

Page 3: PORTFOLIO INVESTMENT OFFERING

FRANCHISE BANNER

FUEL BRAND LOCATIONS SQUARE

FOOTAGELOT SIZE

YEARBUILT

Circle K Phil l ips 66 3501 EP True ParkwayWest Des Moines, IA

2,376 SF 1.07 AC 1990

Circle K Phil l ips 66 1704 S Story StreetBoone, IA

800 SF 0.91 AC 2004

Circle K Phil l ips 66 315 Story StreetBoone, IA 2,400 SF 0.74 AC 1976

Circle K Phil l ips 66 1219 1st AvenuePerry, IA 3,431 SF 0.63 AC 2003

Circle K Phil l ips 66 1115 IA-141Perry, IA 1,992 SF 0.93 AC 1996

TOTAL: 10,999 SF 4.28 AC

PORTFOLIO PRICE

PRICE $15,000,000

TOTAL INSIDE SALES

CALL FOR DETAILS

TOTAL OUTSIDE FUEL VOLUME

CALL FOR DETAILS

A C T U A L P R O P E R T Y I M A G E | ( 1 7 0 4 S S T O R Y S T ) B O O N E , I A A C T U A L P R O P E R T Y I M A G E | ( 1 2 1 9 1 S T A V E ) P E R R Y , I A

Page 4: PORTFOLIO INVESTMENT OFFERING

DES MOINES3501 EP TRUE PKWYWEST DES MOINES, IA

1115 IA-141PERRY, IA

1219 1ST AVENUEPERRY, IA

1704 S STORY STBOONE, IA

315 STORY STREETBOONE, IA

Page 5: PORTFOLIO INVESTMENT OFFERING

PROPERTY SUMMARY

ADDRESS 3501 EP True Parkway

West Des Moines, IA 50265

COUNTY Polk

BUILDING AREA 2,376 SF

LAND AREA 1.07 AC

BUILT 1990

Population

Average Household Income

3-MILES67,951

10-MILES413,192

3-MILES$102,413

10-MILES$90,888

5-MILES145,040

5-MILES$102,365

• Situated at a Signalized Corner With Dual Access From 35thStreet and EP True Parkway

• Minutes From Downtown West Des Moines and the City Hall ,Police Department, Valley Stadium, Community Center andSeveral Schools

• Located Near Interstate 35 Which Sees Over 66,650 VPD

• Nearby Tenants Include: UPS, Subway, IHOP, Hy-Vee, Bike World,Domino’s, Wells Fargo, McDonald’s, Walgreens and Planet Fitness

WEST DES MOINES, IA | HIGHLIGHTSA C T U A L P R O P E R T Y I M A G E

Valley W

Dr (1

7,9

84

VP

D)

EP True Pkwy

(16,221 VPD)

(66

,65

7 V

PD

)

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 6: PORTFOLIO INVESTMENT OFFERING

Valley W Dr

EP True Pkwy

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 7: PORTFOLIO INVESTMENT OFFERING

Valley W Dr

EP True Pkwy

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 8: PORTFOLIO INVESTMENT OFFERING

W E S T D E S M O I N E S | P O L K C O U N T Y | I A

West Des Moines is a city in Polk, Dallas, Warren, and Madison counties in the U.S. stateof Iowa. As of the 2019 estimate United States Census Bureau, the city’s population was67,899 residents. West Des Moines is the second-largest city in the Des Moinesmetropolitan area and the sixth-largest city in Iowa. It ranked 94th in Money magazine'slist of the "100 Best Places to Live and Launch" in 2008, 77th and 57th on the 100 BestPlaces to Live in 2014 and 2015, respectively, and 18th on the Hipster Cities of 2015.The city is 10 miles to downtown Des Moines, IA, which is the capital of the state. DesMoines’ population was 214,237 as of the 2019 population estimate.

Des Moines is a major center of the US insurance industry and has a sizable financialservices and publishing business base. The city was credited as the "number one spot forU.S. insurance companies" in a Business Wire article and named the third-largest"insurance capital" of the world. The city is the headquarters for the Principal FinancialGroup, the Meredith Corporation, Ruan Transportation, TMC Transportation, EMCInsurance Companies, and Wellmark Blue Cross Blue Shield. The Principal is one oftwo Fortune 500 companies with headquarters in Iowa (the other being Casey's GeneralStores), ranking 201st on the magazine's list in 2020. Des Moines is an important city inU.S. presidential politics; as the state's capital, it is the site of the first caucuses ofthe presidential primary cycle. Many presidential candidates set up campaignheadquarters in Des Moines.

The City of Des Moines is a cultural center for Iowa and home to several art and historymuseums and performing arts groups. The Des Moines Performing Arts routinely hoststouring Broadway shows and other live professional theater. Arising in the east and facingwestward toward downtown, the Iowa State Capitol building with its 275-foot, 23-karatgold leafed dome towering above the city is a favorite of sightseers. The Greater DesMoines Botanical Garden, an indoor conservatory of over 15,000 exotic plants, is one ofthe largest collections of tropical, subtropical, and desert-growing plants in the Midwest.The Center blooms with thousands of flowers year-round. Adventureland Park is anamusement park in neighboring Altoona, just northeast of Des Moines. The park boastsmore than 100 rides, shows, and attractions, including four roller coasters.

DES MOI NES CAPI TOL BUI LDI NGDES MOI NES, I A ADVENTURELAND PARK

Page 9: PORTFOLIO INVESTMENT OFFERING

PROPERTY SUMMARY

ADDRESS 1704 S Story Street

Boone, IA 50036

COUNTY Boone

BUILDING AREA 800 SF

LAND AREA 0.91 AC

BUILT 2004

Population

Average Household Income

3-MILES13,391

10-MILES22,979

3-MILES$67,156

10-MILES$73,627

5-MILES14,760

5-MILES$68,860

• Situated at the Intersection of S Story Street and Hawkeye Drive andAcross From the Pat Clemons Chevrolet Dealership

• Minutes From Boone Speedway, Honey Creek Golf Club and the IowaNational Guard

• This Property Also Has a Subway Within the Building

• Nearby Tenants Include: Burger King, Dollar Tree, Bomgaars, OrschelnFarm & Home, Walmart Supercenter, Dairy Queen, McDonald’s andAnytime Fitness

(1704 S STORY ST) BOONE, IA | HIGHLIGHTSA C T U A L P R O P E R T Y I M A G E

(14 ,193 VPD)

S Story St (3,0

98

VP

D)

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 10: PORTFOLIO INVESTMENT OFFERING

S Story St

Haw

keye

Dr

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 11: PORTFOLIO INVESTMENT OFFERING

S Sto

ry S

t

Hawkeye Dr

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 12: PORTFOLIO INVESTMENT OFFERING

PROPERTY SUMMARY

ADDRESS 315 Story Street

Boone, IA 50036

COUNTY Boone

BUILDING AREA 2,400 SF

LAND AREA 0.74 AC

BUILT 1976

Population

Average Household Income

3-MILES13,443

10-MILES21,236

3-MILES$66,854

10-MILES$73,916

5-MILES14,602

5-MILES$68,358

• Situated at the Corner of Story Street and 3rd Street With DualAccess From Each Street

• Minutes From Boone High School, Police Department, Boone CountyFairgrounds and History Center

• Average Household Income of $68,358 Within a 5-Mile Radius

• Nearby Tenants Include: Walgreens, Subway, Hy-Vee, O’Reil ly AutoParts, Taco John’s and Papa Murphy’s

(315 STORY ST) BOONE, IA | HIGHLIGHTSA C T U A L P R O P E R T Y I M A G E

Lincoln Hwy (3 ,621 VPD)S Story St (3

,09

8 V

PD

) BUSINESS & REAL ESTATE

OPPORTUNITY

Page 13: PORTFOLIO INVESTMENT OFFERING

Stor

y St

3rd St

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 14: PORTFOLIO INVESTMENT OFFERING

Story St

3rd St

Lincoln Hwy

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 15: PORTFOLIO INVESTMENT OFFERING

B O O N E | B O O N E C O U N T Y | I ABoone, near the geographical center of Iowa, is a city in Des Moines Township and is thecounty seat of Boone County. With parts of the original Lincoln Highway running through it,Boone presents the picture of a big “little city”. Bounded by abundant parks and summercamping areas along the colorful Des Moines River, it is adjacent to some of Iowa’s richestfarm lands. It is situated 340 miles west of Chicago, 150 miles east of Omaha, 200 milessouth of the twin cities St. Paul and Minneapolis, 320 miles north of St. Louis and 42 milesnorth of Des Moines. The City of Boone had a population of 12,372 as of July 1, 2020.

Boone offers a number of options for a business or industry seeking to locate in centralIowa. It has a strong public/private relationship in the arena of economic development. Thelargest industries in Boone, IA are Retail Trade, Health Care & Social Assistance, andManufacturing. The first Fareway Store opened for business in Boone on May 12, 1938.Today, Fareway is a top 10 employer in Iowa, with over 120 store locations in Iowa, Illinois,Minnesota, Nebraska and South Dakota. Centrally located in Iowa; Boone is fifteen minuteswest of Iowa State University & Research Park. Other larger businesses that have had or stillmaintain facilities in Boone include Gates Rubber, Heinrich Envelope, Archway Bakery,Lowe-Berry Seeds, Coca-Cola Bottling, Quinn Iron & Wire Works (now Besser QuinnMachine & Foundry), Mid-States Steel, Sunoco Products, Specialty Leather Productions,Randy's Frozen Meats, PDM Distribution, ProLiant Biologicals, APC, Thermomass CompositeTech, CDS Global, Patterson Logistics and Stoll Bottling.

Tourists can visit the Brunnier Art Museum which has an ensemble of the decorative arts.One can also have a look at the Octagon Center for the Arts. The Big Creek State Park andthe Ledges State Park offer facilities for camping, fishing, canoeing and swimming. Book -lovers can visit the Ericson Public Library and the Boone Campus Library. There are alsomany churches in the city such as The Church of Jesus Christ of Latter Day Saints, BereanBaptist Church, and Seventh Day Adventist Church. Pufferbilly Days, an annual eventcelebrating Boone’s railroad heritage, is held the week after Labor Day and is one of Iowa’stop five community festivals with over 30,000 attendees. In conjunction with thiscelebration, during the first week in September, the Boone Speedway holds the SpeedwayMotors IMCA SuperNationals racing event, with many of the top drivers from across theUnited States coming to Boone to compete.

I OWA STATE UNI VERSI TYSTOLL BOTTLI NG WORKSBOONE SPEEDWAY

Page 16: PORTFOLIO INVESTMENT OFFERING

PROPERTY SUMMARY

ADDRESS 1219 1st Avenue

Perry, IA 50220

COUNTY Dallas

BUILDING AREA 3,431 SF

LAND AREA 0.63 AC

BUILT 2003

Population

Average Household Income

3-MILES8,526

10-MILES13,336

3-MILES$57,016

10-MILES$65,916

5-MILES9,255

5-MILES$59,711

• Situated at the Corner of 1st Avenue and Lucinda Street With DualAccess From Each Street

• Minutes From Tyson Fresh Meats Food Processing Plant, PerryElementary School, Police Department and Carnegie Library Museum

• Average Household Income is $65,916 Within a 10-Mile Radius

• Nearby Tenants Include: Fareway Grocery, Clean Works Autowash,Wells Fargo, Mandarin Cafe, Perry Paint & Glass, Dollar General,Subway, Burger King, Mckee RV, Orscheln Farm & Home and USPS

(1219 1ST AVE) PERRY, IA | HIGHLIGHTSA C T U A L P R O P E R T Y I M A G E

Wil ls Ave (4 ,824 VPD)

(8 ,197 VPD)

(8,2

02

VP

D)

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 17: PORTFOLIO INVESTMENT OFFERING

Lincoln Hwy

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 18: PORTFOLIO INVESTMENT OFFERING

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 19: PORTFOLIO INVESTMENT OFFERING

PROPERTY SUMMARY

ADDRESS 1115 IA-141

Perry, IA 50220

COUNTY Dallas

BUILDING AREA 1,992 SF

LAND AREA 0.93 AC

BUILT 1996

• Situated at the Signalized Intersection With Dual Access Off 141stStreet and J Avenue

• The Property Shares an Ingress Access With Hy-Vee and Harland AceHardware

• Minutes From the Perry Athletic Fields and Dog Park, Iowa NationalGuard and Percival Scientif ic Machining Manufacturer

• Nearby Tenants Include: Burger King, Harland Ace Hardware, Hy-Vee,McDonald’s, Subway, Orscheln Farm & Home, Dollar General, UPS andGreat Western Bank

(1115 IA-141) PERRY, IA | HIGHLIGHTSA C T U A L P R O P E R T Y I M A G E

Population

Average Household Income

3-MILES8,526

10-MILES13,336

3-MILES$57,016

10-MILES$65,916

5-MILES9,255

5-MILES$59,711

Wil ls Ave (4 ,824 VPD)

(8 ,197 VPD)

(8,2

02

VP

D)

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 20: PORTFOLIO INVESTMENT OFFERING

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 21: PORTFOLIO INVESTMENT OFFERING

BUSINESS & REAL ESTATE

OPPORTUNITY

Page 22: PORTFOLIO INVESTMENT OFFERING

P E R R Y | D A L L A S C O U N T Y | I APerry is a city in Dallas County, Iowa, along the North Raccoon River. Perry is a placethat is rich in history and small town distinction. Perry’s motto says it all: “Makeyourself at home” is an enticement to all residents new and old, visitors, workers, andbusinesses to settle in, stay a while, and enjoy the comforts of home. As a communitysettled by immigrants over 100 years ago, Perry continues to welcome new people,cultures, industries, and ideas. Perry is known for its high quality of life, offering thekinds of amenities, services, and vibrant community life valued by all. It is part of theDes Moines–West Des Moines Metropolitan Statistical Area and 39 Miles away fromDes Moines, IA. The City has a 2020 population of 8,162.

Perry’s economy is anchored by several major employers in the manufacturing, foodprocessing, and healthcare sectors. Perry serves as a regional center for shopping,dining, recreation, professional and health services, as well as a tourism hub in theCultural and Historic District. A major employer in Perry is the Tyson Foods pork plant.Perry takes great pride in its local history and culture as evidenced by recentinvestments in the revitalization of the downtown business and cultural district. Therestoration of historic buildings like Hotel Pattee and Carnegie Library Museum, as wellas streetscape improvements have reinforced downtown as the heart of historic Perry.Perry recognizes its position as a center for employment in the region and strengthensdowntown as the hub of community activity and strengthen Perry’s identity as a small,historic community that is a draw for cultural tourism and outdoor recreation.

Designated as one of Iowa's "Great Places," Perry boasts a combination of arts, history,culture, commerce and recreation, unmatched to any other of its size! Perry's walkabledowntown is home to more than 30 buildings on the National Register of HistoricPlaces, multiple arts and culture festivals, as well as several murals and public artpieces, including four sculptures along the Willis Avenue boulevard that pay tribute toPerry's historical ties to the railroad, agriculture, industry and the arts. The favouritePerry highlights are Sportsman Park, La Poste, Harvey's, Carnegie Library Museum,Chocolate Walk, Mary Rose Collection, El Tren Taqueria.

PERRY, I ADES MOI NES, I A LA POSTE

Page 23: PORTFOLIO INVESTMENT OFFERING

The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to bereviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person orentity without the written consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and toestablish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty orrepresentation, with respect to the income or expenses for the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements, the presence or absence of contaminating substances,PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or thefinancial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of thesubject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however,Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands InvestmentGroup conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding theaccuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of theinformation set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will holdand treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of theOwner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmlessfrom any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

CONFIDENTIALITY AGREEMENT

Page 24: PORTFOLIO INVESTMENT OFFERING

EXCLUSIVELY MARKETED BY:

In Cooperat ion With Sands Investment Group Iowa, Inc . – L ic . # F06091000

BoR: Andrew Ackerman – Lic . # B67615000

ANDREW ACKERMANLic. # B67615000

770.626.0445 | [email protected]

MATT MONTAGNELic. # 695673

512.920.5120 | [email protected]

WILL HARTSHORNLic. # 725849

512.729.6323 | [email protected]

TYLER ELLINGERLic. # 690604

512.643.3700 | [email protected]

A C T U A L P R O P E R T Y I M A G E | ( 1 7 0 4 S O U T H S T ) B O O N E , I A